Corero Network Security plc (LON:CNS – Get Free Report) insider Carl Herberger bought 227,272 shares of the stock in a transaction dated Thursday, October 22nd. The stock was acquired at an average price of GBX 15 per share, with a total value of £34,090.80.
Corero Network Security Stock Performance
Corero Network Security stock opened at GBX 15.50 on Thursday. The stock has a 50-day simple moving average of GBX 11.45 and a 200 day simple moving average of GBX 11.30. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 1.94. Corero Network Security plc has a 12-month low of GBX 6.50 and a 12-month high of GBX 17.50. The stock has a market capitalization of £79.39 million, a price-to-earnings ratio of 22.14 and a beta of 0.46.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group raised their price objective on shares of Corero Network Security from GBX 20 to GBX 21 and gave the company a “buy” rating in a research report on Wednesday, September 9th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 21.
Check Out Our Latest Analysis on CNS
Corero Network Security Company Profile
Corero Network Security plc is a global leader in real-time, high-performance, automatic DDoS cyber defense solutions. Both Service and Hosting providers, alongside digital enterprises across the globe rely on Corero’s award winning cybersecurity technology to eliminate the threat of Distributed Denial of Service (DDoS) to their digital environment through automatic attack detection and mitigation, coupled with network visibility, analytics and reporting. Corero’s industry leading SmartWall and SecureWatch technology provides scalable protection capabilities against external DDoS attackers and internal DDoS botnets in the most complex edge and subscriber environments, while enabling a more cost-effective economic model than previously available.
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